Dublin Ranch Condos and Townhomes Becoming More Advantageous For Sellers.
Little by little, month by month, the market for Dublin Ranch condos and townhomes is inching toward a seller’s market. It’s still a good time to buy, but each month that goes by sees less supply and more demand.
Looking at the “Supply and Demand” statistics published by Terradatum, the condo/townhome market here in the City of Dublin has seen a 36% drop in supply, and a 22% increase in demand, since this same time last year. Inventory has seen a slight drop from 73 homes for sale in October to 61 homes for sale in November. That has maintained a market that favors sellers, but not strongly so (unlike the market for detached homes in Dublin Ranch, which is enjoying a strong seller’s market this month!). Currently, there are 66 days’ inventory in the City of Dublin.
When we talk about how many “days’ inventory” of homes there are in Dublin Ranch, we’re answering this question: If no other homes came on the market after today, how long would it take to sell the current inventory at the rate homes are selling today? We take the number of homes that are currently available and divide that by the number that have gone into contract in the last 30 days. If the resulting number is less than 90 days, we know we’re in a seller’s market. Less than 45 days and we know it’s a strong seller’s market.
This time last year there were 117 days’ inventory of condos and townhomes in Dublin Ranch — we’re definitely headed in the right direction! If you’ve been thinking about selling your Dublin Ranch condo or townhome, we should talk. The market is getting better, and we’re focused on using expert marketing to regain as much equity as we possibly can.
Click to download and review our Dublin Ranch Real Estate Report (Condos and Townhomes) for December 2011.
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